The number of accountants failing exams has increased. This is according the June 2017 examinations results released on Wednesday by the Public Accountants Examinations Board (PAEB) of the Institute of Certified Public Accountants of Uganda (ICPAU).
The results indicate a decline in performance compared to the November 2016 results.
While releasing the results in Kampala, Prof. Simeon Wanyama, a member of PAEB and ICPAU said that there were 286 candidates who sat for the ATD June exams compared to 313 candidates that sat in November 2016. The average pass rate for this category was 44.3% in June 2017 lower than 48.5% in November 2016.
The examinations covered three courses – Accounting Technicians Diploma (ATD), Certified Tax Advisor (CTA) and Certified Public Accountants of Uganda (CPA-U).
For CTA, the number of candidates increased from 49 to 86 in June 2017 and November 2016 respectively. The pass rate for this course, which was its second sitting since it was started in 2016, was 42.2% lower than 57.3% in the period under review.
For CPA-U, there was 5, 498 candidates compared to 5, 144 in November 2016. The average pass rate was 35% compared to 43.6% in June 2017 and November 2016 respectively.
Protazio Begumisa, the President of ICPAU said that a pass rate of over 40% is good by all standards going by the amount and practical work involved in the three examined courses. He didn’t give reasons for reduced performance.
“We are privileged and happy to have results released on time,” he said, “We are happy with the quality of exams of our professional body,” he added.
In total, 107 candidates completed the CPA course compared to 182 in November 2016. Cumulatively, 2918 students have completed the CPA course.